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It is estimated that the current world use of bitumen is approximately 102 million tonnes per year. ... The current export price to India is approximately $350 per ...
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
At 2013 prices using current technology, Canada had remaining oil reserves of 27 billion m 3 (170 billion bbls), with 98% of this attributed to oil sands bitumen. This put its reserves in third place in the world behind Venezuela and Saudi Arabia .
This technology grew and developed in Alberta. Many companies employ both conventional strip mining and non-conventional methods to extract the bitumen from the Athabasca deposit. About 24 billion cubic metres (150 Gbbl) of the remaining oil sands are considered recoverable at current prices with current technology. [13]
The Alberta government's Energy and Utilities Board (EUB) estimated in 2007 that about 173 billion barrels (27.5 × 10 ^ 9 m 3) of crude bitumen were economically recoverable from the three Alberta oil sands areas based on then-current technology and price projections from the 2006 market prices of $62 per barrel for benchmark West Texas ...
Asphalt batch mix plant A machine laying asphalt concrete, fed from a dump truck. Asphalt concrete (commonly called asphalt, [1] blacktop, or pavement in North America, and tarmac or bitumen macadam in the United Kingdom and the Republic of Ireland) is a composite material commonly used to surface roads, parking lots, airports, and the core of embankment dams. [2]
Asphaltite (also known as uintahite, asphaltum, gilsonite or oil sands [1]) is a naturally occurring soluble solid hydrocarbon, a form of asphalt [2] (or bitumen) with a relatively high melting temperature. Its large-scale production occurs in the Uintah Basin of Utah and Colorado, United States.
In 2012 bitumen production averaged 28,773 bpd, +2,168 bpd versus the previous year. [3] By the second quarter of 2013 average production had reached 32,144 bpd, +1,715 bdp. Also up is the realized oil price per barrel: $53.98 vs $45.59.